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Trade Recommendation for 23-5-2007

Posted in Free Forex Signals

Hello fellow trader

Daily stoch on cable showing an oversold situation since yesterday. However ten kan sen still crossing below kijun-sen. I see also strength index showing on a position that I define as â€˜unsureâ€™.

Today pivot : 19736

Resistance Level 1.9775, 1.9806, 1.9842

Support Level: 1.9708, 1.9672,1.9641

Today trade recommendation for GBP/USD would be:

GBP/USD
Stop/Limit/Market Order

Sell@1.9719

Set stop loss @ -30pips

Set Profit Target @ 20-30pips (please refer to Latest Performance or Forex Signal Performance)

Result: Stopped out@-30pips (loss)